Smart companies, smart regions-the innovation challenge for regional business

Abstract

This chapter explores the drivers and barriers for small-to-medium enterprises (SMEs) from the perspective of a past CEO who previously led the Australian Institute of for Commercialisation and now leads a high technology manufacturer. The paper examines the critical importance of leadership and collaboration for innovation; as well as the importance of regional Australia in seeking 'radical' innovation. Case study examples of the Australian wine industry and eco-innovation for renewable energy solutions are provided to demonstrate the potential advantages for innovation in regions.